Zhuzhou Smelter Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,298	829.68	375.42	600.48	561.45	231.84
Trading Asset Securities	75.61	0.1	12.3	-	3.11	-
Cash & Short-Term Investments	1,373	829.78	387.73	600.48	564.56	231.84
Cash Growth	40.48%	114.01%	-35.43%	6.36%	143.51%	28.27%
Accounts Receivable	605.33	429.15	681.04	513.9	663.65	431.24
Other Receivables	605.28	500.06	249.77	154.76	195.42	100.6
Receivables	1,211	929.21	930.81	668.66	859.07	531.84
Inventory	2,168	2,248	2,125	2,210	1,924	1,160
Other Current Assets	483.48	562.59	605.96	355.95	389.41	413.7
Total Current Assets	5,235	4,570	4,049	3,835	3,737	2,338
Property, Plant & Equipment	4,073	4,106	4,309	4,538	4,430	3,092
Long-Term Investments	-	-	-	-	0.46	-
Other Intangible Assets	605.4	630.7	652.72	676.17	702.7	163.76
Long-Term Deferred Tax Assets	67.71	67.71	37.43	43.07	48.18	0.74
Long-Term Deferred Charges	6.77	5.38	17.94	21.73	21.56	20.3
Other Long-Term Assets	112.83	112.83	70	0.12	0	166.49
Total Assets	10,101	9,493	9,137	9,114	8,940	5,781
Accounts Payable	1,134	1,113	1,127	895.73	1,151	859.34
Accrued Expenses	65.9	50.12	255.81	139.89	104.57	34.12
Short-Term Debt	1,211	1,555	1,913	1,699	2,124	1,487
Current Portion of Long-Term Debt	6.52	6.6	-	136.92	490.57	345.67
Current Portion of Leases	-	-	9.01	9.09	8.91	8.49
Current Income Taxes Payable	299.35	93.29	32.87	3.45	1.97	7.67
Current Unearned Revenue	219.98	229.51	187.54	243.47	270.66	230.87
Other Current Liabilities	711.49	1,131	645.58	743.46	597.95	499.93
Total Current Liabilities	3,649	4,179	4,170	3,871	4,750	3,473
Long-Term Debt	3.35	3.35	3.35	980.27	1,096	1,329
Long-Term Leases	4.72	4.73	0.01	8.95	18.45	27.36
Long-Term Unearned Revenue	112.35	117.44	136.6	155.97	186.79	84.41
Long-Term Deferred Tax Liabilities	5.54	5.54	8.93	10.74	12.92	-
Other Long-Term Liabilities	337.54	335.63	326.99	330.11	325.03	-
Total Liabilities	4,112	4,645	4,646	5,357	6,390	4,914
Common Stock	1,073	1,073	1,073	1,073	527.46	527.46
Additional Paid-In Capital	3,072	3,072	3,072	3,072	2,417	867.42
Retained Earnings	876.12	-258.22	-1,321	-2,027	-2,562	-2,663
Comprehensive Income & Other	832.07	827.19	1,530	1,514	1,508	1,498
Total Common Equity	5,853	4,714	4,354	3,632	1,891	230.22
Minority Interest	135.42	132.96	136.28	125	658.68	636.93
Shareholders' Equity	5,989	4,847	4,491	3,757	2,550	867.15
Total Liabilities & Equity	10,101	9,493	9,137	9,114	8,940	5,781
Total Debt	1,226	1,570	1,925	2,834	3,739	3,198
Net Cash (Debt)	147.51	-740.19	-1,537	-2,233	-3,174	-2,966
Net Cash Per Share	0.13	-0.65	-1.29	-1.97	-3.16	-5.62
Filing Date Shares Outstanding	1,079	1,114	1,073	1,073	527.46	527.46
Total Common Shares Outstanding	1,079	1,114	1,073	1,073	527.46	527.46
Working Capital	1,587	390.91	-120.86	-35.6	-1,013	-1,136
Book Value Per Share	5.43	4.23	2.66	1.99	0.74	-2.41
Tangible Book Value	5,248	4,083	3,702	2,956	1,189	66.46
Tangible Book Value Per Share	4.86	3.67	2.05	1.36	-0.59	-2.72
Buildings	-	-	3,137	2,846	2,827	1,676
Machinery	-	-	3,098	2,980	2,897	2,016
Construction In Progress	-	-	129.6	590.2	363.66	8.71

Source: S&P Global Market Intelligence. Standard template. Financial Sources.